Euro-Zone Output Falls Most in Three Years

By

Ilona Billington

Updated Jan. 14, 2013 6:11 a.m. ET

LONDON—Euro-zone industrial output declined the most in three years in November, pulled lower by countries in the region's south facing recession as they attempt to cut debt and deficits through austerity policies.

The decline is a further indication that the wider economy could contract for a third consecutive quarter in the final three months of 2012 as fiscally frail countries struggle with still-high borrowing costs and demand...